Description

BSE notifies trading members that Varthana Finance Private Limited has fixed a record date of March 12, 2026 for part redemption of non-convertible debentures and payment of interest, with trading in debentures to continue at reduced face value.

Summary

BSE has informed trading members that Varthana Finance Private Limited has fixed March 12, 2026 as the record date for part redemption of its Non-Convertible Debentures (NCDs) and payment of interest. From the effective date, trading in these debentures will take place at a reduced face value of Rs. 60,000 per debenture.

Key Points

  • Company: Varthana Finance Private Limited
  • Debenture series: VFPL-11.35%-27-9-27-PVT (ISIN: INE125T07337, Scrip Code: 976568)
  • Record date: March 12, 2026
  • Purpose: Part redemption of debentures and payment of interest
  • Reduced face value: Rs. 60,000 per debenture
  • Effective date for reduced face value trading: March 12, 2026
  • Settlement reference: DR-838/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a routine corporate action notification under BSE’s debt market segment procedures requiring trading to reflect the reduced face value post-record date.

Compliance Requirements

  • Trading members must note the change in face value effective March 12, 2026.
  • All trades in ISIN INE125T07337 (Scrip Code 976568) on and after the effective date must be executed at the reduced face value of Rs. 60,000 per debenture.

Important Dates

  • Record Date: March 12, 2026 — for payment of interest and part redemption
  • Effective Date for Reduced Face Value Trading: March 12, 2026 (Settlement No. DR-838/2025-2026)
  • Notice Date: March 09, 2026

Impact Assessment

This circular has a medium impact limited to trading members and investors holding Varthana Finance Private Limited NCDs (ISIN INE125T07337). Post the record date, the face value of each debenture will be reduced to Rs. 60,000, reflecting the partial principal repayment. Existing holders will receive both an interest payment and a partial return of principal. Secondary market trades in these debentures must account for the revised face value from March 12, 2026 onwards. No broader market disruption is expected.

Impact Justification

Routine corporate action affecting a specific private company's NCD holders; impacts trading members dealing in these debentures with a change in face value but limited broader market significance.